Proposal - Center for Decentralized Law
Transacting is slow, insecure, uncertain and expensive.
- Problems of payment, clearing, automation and interoperability are being addressed by the FinTech and open source communities, notably in blockchain implementations.
- Legal compliance and optimization remain slow, uncertain and expensive.
- Data privacy and security remain weak.
- Centralization creates systemic risks.
- Legal codification is slow and fragmented.
Add open-source codified legal documents to blockchain automation platforms:
- Codify legal documents and records using the "Cmacc" data model and the tools of open source;
- Iterate a legal "object model" to describe persons, properties, places, transactions and relationships; and
- Add a layer of user-managed access control.
- Integrate with blockchain and other platforms, such as git, document management, document assembly and enterprise contract management systems.
- Rapid legal codification.
- Improved speed, transparency and certainty in business dealings.
- Greater access to justice, rule of law and self-governance.
- Greater transparency of institutions.
- Improved outcomes for social objectives such as privacy, health, climate and decentralization.
- A simple record format that renders into documents and has the power of a "graph" object model with multiple prototype inheritance.
- A large number of sample legal document solutions.
- Fit with blockchain and OAuth-UMA security.
- Fifteen years of efforts regarding source-based legal codification.
- Status - Convergence of Blockchain, Legal and Access Security
A number of currents are converging:
The combination of Blockchain/Cmacc/Access is ripe for open-source iteration.
- Bitcoin has spurred interest in P2P transacting platforms. Among many other efforts, the Linux Foundation's Hyperledger Project brings together a large number of actors to agree on a common platform.
- CommonAccord has a data model (Cmacc) that can extend P2P solutions to all legal relationships and be a bridge for integration with legacy systems such as Word (legal), ECM and ERM.
- There is a strong tradition of legal codification via bar and trade groups, agencies and clinics, and now also legal "hackers".
- Decentralized access control based on OAuth and related technologies is widely used and well-understood.
There is currently no legal structure to hold the shared legal text, which we expect to evolve into a legal operating system. Nor are there national or trade-sector equivalents. Creating a structure, tentatively called the "Center for Decentralized Law" is purpose of this proposal and an expected focus of the conference at MIT on May 23-24.
- Conference - MIT - Digital Contracts, Identities & Blockchains
- Presentations and discussions with participants and stakeholders
- Collaboration leading up to the conference. Inclusion of experts, iteration of solutions.
- Founder: James Hazard
- Advisors: Thomas Hardjono, Marc Dangeard ....
Financial and structuring support for a Center for Decentralized Law